Shaquille O’Neal has a net worth of more than $500m – but he’s had help from an unexpected source.legend has a diverse range of business interests, such as investments in Lyft and Vitaminwater, as well as owning franchises of businesses like Papa John’s and Five Guys.As a player, he made close to $300m from big money contracts with the Orlando Magic and Los Angeles Lakers, while his stellar career also led to broadcasting work.
Curious about his wealth, the basketball legend asked for the secret, and the man taught him the word ‘annuity’. Shaq admitted that at the time, he was making lots of money, but didn’t have a concrete plan for his later years. But the man’s advice led him to discover how he could save and invest his money while he was young, and get guaranteed money later when he was making less.“All this money you’re making, if you save it, you can invest it and start collecting at 50, 60 and 70.”
O’Neal clearly isn’t afraid of taking business advice from people he feels may know more than he does. The NBA icon also revealed that he invested in Campus, an online community college start-up, after “I heard Jeff Bezos say, if you invest in things that’s going to change people’s lives, you’ll always get a great return on your investment,” O’Neal said. “But this particular investment is not about great return because I feel that everyone should have access to world-class education.
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